Term
| Accumulated other comprehensive income |
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Definition
| The cumulative effects of other comprehensive income items reported separately in the stockholders' equity section of the balance sheet. 620 |
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Term
| Available-for-sale securities |
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Definition
| Securities that management expects to sell in the future but which are not actively traded for profit. 622 |
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Term
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Definition
| A business making an ivestment in another business by aquiring a controlling share, often greater than 50%, of the outstanding voting stock of another corpration by paying cash or exchanging stock. 627 |
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Term
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Definition
| All changes in stockholders' equity during a period, except those resulting from dividends and stockholders' investments. 620 |
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Term
| Consolidated financial statements |
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Definition
| Financial statements resulting from combining parent and subsidiary statements. 627 |
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Term
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Definition
| Operations of a major line of business or component for a company, such as a division, a department, or a certain class of customer, that have been disposed of. 617 |
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Term
| Earnings per common share (EPS) |
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Definition
| Net income per share of common stock outstanding during a period. 619 |
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Term
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Definition
| A method of accounting for an inverstment in common stock by which the investment account is adjusted for the investor's share of periodic net income and cash dividends of the investee. 625 |
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Term
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Definition
| The common and preferred stock of a firm. 622 |
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Term
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Definition
| Events and transactions that (1) are significantly different (unusual) from the typical or the normal operating activites of a business and (2) occur infrequently. 618 |
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Term
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Definition
| A condition when the fair value of a fixed asset falls below its book value and is not expected to recover. 615 |
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Term
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Definition
| The balance sheet caption used to report long-term investments in stocks not inteded as a source of cash in the normal operations of the business. 625 |
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Term
| Other comprehensive income items |
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Definition
| Specified items that are reported separately from the net income, including foreign currency items, pension liability adjustments, and urealized gains and losses on investments. 620 |
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Term
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Definition
| The corporation owning all or a majoriety of the voting stock of the other corporation. 627 |
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Term
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Definition
| Differences between taxable and income (before taxes) reported on the income statement that may arise because certain revenues are exempt from tax and certain expenses are not deductable in dertemining taxable income. 613 |
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Term
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Definition
| The ratio computed by dividing a corporation's stock market price per share at a specific date by the company's annual earnings per share. 628 |
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Term
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Definition
| The costs associated with invluntarily terminating employees, terminating contracts, consolidating facilities, or relocating employees. 616 |
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Term
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Definition
| The corporation that is controlled by a parent company. |
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Term
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Definition
| The income according to the tax laws that is used as a base for determining the amount of taxes owed. 611 |
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Term
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Definition
| Differences between taxable income and income before income taxes, created because items are recognized in one period for tax purposes and in another period for income statement purposes. Such differences reverse or turn around in later years. 612 |
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Term
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Definition
| The balances sheet caption used to report investments in income-yielding securities that can be quickly sold and converted to cash as needed. 622 |
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Term
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Definition
| Securities that management intends to actively trade for profit. 622 |
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Term
| Unrealized holding gain or loss |
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Definition
| The difference between the fair market value of the securities and their cost. 623 |
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